ipo

UTI Mutual Fund may become the first listed AMC

02 jul 2007

UTI Mutual Fund may become the first listed AMC
India’s leading fund manager UTI Mutual Fund, managing assets of Rs.40000 crore is likely to come out with its IPO by end of FY08. The sponsors of UTI Mutual Fund include the top 3 public sector banks, State Bank of India, Punjab National Bank and Bank of Baroda while the fourth is insurance giant Life Insurance Corporation of India, each holding 25% stake.

Spencer’s Retail on course to expand rapidly

30 jun 2007

Spencer’s Retail on course to expand rapidly
RPG Group’s Spencer’s Retail, one of the early entrants in Indian retail business, is on an expansion spree to take on its peers. The company is planning to invest Rs.3500 crore in its retail business during the next 3 years and also come out with a Rs.1000 crore IPO by next year.

SBI follows ICICI Bank path

28 jun 2007

SBI follows ICICI Bank path
India’s largest bank State Bank of India, is planning to come up with its FPO in December this year in a bid to raise Rs.15,000 crore to fund its expansion plans and to continue to enjoy the position as the market leader.

SBI may raise funds, merge associate banks

16 jun 2007

SBI may raise funds, merge associate banks
India’s largest bank, State Bank of India would now have the Government as its 59.73% shareholder, which it has bought from RBI for Rs.40,000 crore. The stake transfer primarily happened as it was inconsistent with RBI to play the role of being owner of a commercial bank and as a banking regulator.

Everything you wanted to know about ICICI Bank Public Issue

15 jun 2007

Everything you wanted to know about ICICI Bank Public Issue
About ICICI Bank – Second largest bank and largest private sector bank in India in terms of assets. Highest market cap among financial services company at around Rs.80,000 crores. It is a leader in retail lending, with more than 30% market share in all consumer-finance segments, and now has shifted focus to international banking and rural operations as key focus areas.

Insurance companies – sunny days ahead

10 jun 2007

Insurance companies – sunny days ahead
With ICICI bank’s FPO (bigger than DLF’s IPO) slated to open on June 18, the valuation of its subsidiaries would be a hot topic of discussion among corporate circles. And the major rider in its subsidiary is the valuation of ICICI Holdings.

Vishal Retail IPO – a perspective

09 jun 2007

Vishal Retail IPO – a perspective
Vishal Retail, the owner of value retail chain ‘Vishal Megamart’ is coming up with an IPO on 11th June, 2007 to coincide with the DLF IPO. The price band is Rs.

CNG – Opportunity play for investors

05 jun 2007

CNG – Opportunity play for investors
A little know 12 year old company, Nitin Fire Protection Industries, got listed today on the stock exchanges. The issue price was Rs. 190 valuing the company at a PE multiple of 24.

DLF Buzz Gets Louder

02 jun 2007

DLF Buzz Gets Louder
Ahead of its scheduled Rs 9,625 crore IPO, real estate king DLF is getting nosier and all the good news is starting to trickle in, which is a common practice, so as to keep the momentum going, develop more interest and media attention in the stock.

Subhiksha on expansion spree, may raise money through IPO

01 jun 2007

Subhiksha on expansion spree, may raise money through IPO
Indian Economy is growing at a healthy 9%, and with this grows the propensity to consume. The Indian consuming class is expected to reach 69 crores by 2010 and the retail market to reach $350 billion by 2010 making it the fifth largest retail space in the world.
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